Core Viewpoint - Evergrande Auto continues to face significant liquidity challenges, leading to ongoing asset sales and a delay in financial reporting [1][4][5] Group 1: Financial Performance - In the first half of 2024, Evergrande Auto's revenue decreased by 75% year-on-year to 38.37 million [4] - The net loss expanded to 20.257 billion, with the gross margin turning negative due to production stagnation [4] - The publication of the mid-term results for the period ending June 30, 2025, has been delayed due to the lack of clarity on the financial performance for 2024 [4] Group 2: Operational Challenges - The company is prioritizing limited financial resources to maintain basic operational activities at production facilities, rather than engaging external auditors and consultants [4] - Discussions with potential strategic investors have not yet materialized, and the company continues to seek investments to alleviate liquidity issues [5] - Evergrande Auto's stock has been suspended from trading on the Hong Kong Stock Exchange since April 1, 2025, with a risk of delisting if the suspension lasts for 18 months [5] Group 3: Asset Management - The company is in the process of selling non-core assets to support operational activities and improve its financial position [1] - Several subsidiaries are undergoing bankruptcy liquidation procedures and asset auctions to settle judgment debts [1]
恒大汽车：与潜在战略投资者的讨论尚未实现，继续停牌